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Schalk, that's fairly simple. There is a function inside Metastock called
linear regression slope (don't get this confused with the linear regression
function) that you can use. Say you want to put this in a column in an
exploration, and using your parameters, you would type in:
LinRegSlope(C,20)
This gives the slope of a line drawn from the Close 20 days ago to the Close
today (the "C" above indicates Close; you can use High, Low or Open if you
want). Positive values indicate an up slope, -ve values a down slope over
the period you specified. Greater numbers indicate a steeper slope. Thus,
+0.254 is a steeper (up) slope than 0.005, and -0.254 is a steeper (down)
slope that -0.005. Hope this helps.
Shashi
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Date: Fri, 13 Jul 2001 08:50:37 +0200
From: "Schalk Pienaar (HO)" <schalkp@xxxxxxxxxxxx>
Subject: RE: metastock-digest V1 #1385
Greetings from South Africa
I am new to this newsletter and to charting and to Metastock. I got hold of
a version 6.52 just to see if I am compatable to this business and would ask
a lot of dumb questions in the hope that you experts will be able to give
good advice.
The first thing I want to know is how to write an indicator that can give
the gradient of a share over a spesified previous period e.g. gradient of a
line drawn from the closing price 20 days ago to the closing price today?
Can anybody help - please?
Regards
Schalk Pienaar
Manager Capital Investment Process
AngloPlatinum Corporation
schalkp@xxxxxxxxxxxxx
Tel: (011) 373-6410
Fax: (011) 373-5410
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